Total Property, Plant, Equipment and Infrastructure
2,659,254
2,604,309
2,598,941
2,535,238
The basis of valuation are included under note 1(k) in the financial report and have been conducted as follows:
(i) Valuations of council land and buildings were determined by David Slicer, Senior Valuer, Property Services Branch, City of Melbourne.
(ii) Valuations of infrastructure assets (roads and laneways, footpaths, kerb and channel, bridges and drains) were determined by Gordon Duncan, Principal Engineer - Infrastructure, Engineering Services Group and Bandara Rajapakse, Senior Infrastructure Engineer, Engineering Services Branch, City of Melbourne.
(iii) Valuation of irrigation assets was determined by Eugene Stackpole, Asset Management Officer, Parks Services Branch, City of Melbourne.
(iv) Valuation of parks and gardens Infrastructure were determined by Eugene Stackpole, Asset Management Officer, Parks Services Branch and David Slicer, Senior Valuer, Property Services Branch, City of Melbourne.
(v) Valuations of trees were determined by Ian Shears, Senior Tree Planner, Parks Services Branch, City of Melbourne.
All the above valuations were completed as at 30 June 2009 for Council. Valuations for 30 June 2009 are at fair value. Unless otherwise stated the carrying value of each class of asset measured at fair value at balance date materially reflects their fair value at that date. Land valuations for CityWide and the Melbourne Wholesdale Fishmarket Market were completed during March 2007 and on the 18 June 2009 respectively.
a) Consolidated 30 June 2008
Carrying amount at 30 June 2007
Revaluations
Additions
Disposals
Depreciation
Carrying amount at 30 June 2008
$'000
$'000
$'000
$'000
$'000
$'000
Asset Classes
Land - Freehold
106,464
31,256
10,350
(900)
-
147,170
Land - Other Controlled
993,490
181,016
6,459
-
-
1,180,965
Buildings on Freehold Land
85,830
(9,164)
834
(1,872)
(2,763)
72,865
Buildings on Other Controlled Land
25,021
4,097
4,170
(127)
(1,335)
31,826
Buildings - Leasehold Improvements
3,010
-
160
-
(346)
2,824
Heritage Assets
58,065
13,360
3,956
-
(595)
74,786
Promenades and Wharves
-
11,012
75,842
-
(1,669)
85,185
Plant and Equipment
48,943
-
18,964
(1,655)
(11,089)
55,163
Furniture and Fittings
3,920
-
84
(3)
(559)
3,442
Statues, Sculptures and Artworks
41,599
-
5,684
-
(510)
46,773
Roads and Laneways - Substructure
359,408
39,359
551
-
(4,695)
394,623
Roads and Laneways - Seal
23,229
(29,100)
33,607
-
(4,033)
23,703
Footpaths
95,811
(198)
16,934
-
(10,512)
102,035
Kerb and Channel
89,297
3,354
4,533
-
(3,184)
94,000
Bridges
33,458
2,664
45,707
-
(1,206)
80,623
Drains
65,207
(9,012)
10,775
-
(929)
66,041
Irrigation
11,129
-
831
-
(773)
11,187
Parks and Gardens Infrastructure
51,937
(1,037)
4,379
-
(3,813)
51,466
Trees
30,093
(2,421)
4,019
-
-
31,691
Other Structures
2,889
-
99
-
(188)
2,800
Works in Progress*
33,112
-
13,109
(1,080)
-
45,141
2,161,912
235,186
261,047
(5,637)
(48,199)
2,604,309
*Works in progress addition figure is a net amount consisting of $75.1 million additional works in progress and $56.5 million of assets capitalised during the financial year 2008-09.
a) Consolidated 30 June 2009
Carrying amount at 30 June 2008
Revaluations
Additions
Disposals
Depreciation
Carrying amount at 30 June 2009
$'000
$'000
$'000
$'000
$'000
$'000
Asset Classes
Land - Freehold
147,170
(18,167)
22,985
(663)
-
151,325
Land - Other Controlled
1,180,965
(6,630)
12,055
(21,550)
-
1,164,840
Buildings on Freehold Land
72,865
(4,920)
3,838
(131)
(2,620)
69,032
Buildings on Other Controlled Land
31,826
19
1,773
(586)
(1,582)
31,450
Buildings - Leasehold Improvements
2,824
-
168
(8)
(360)
2,624
Heritage Assets
74,786
3,592
3,534
-
(776)
81,136
Promenades and Wharves
85,185
(8,275)
-
-
(1,554)
75,356
Plant and Equipment
55,163
-
16,942
(3,936)
(12,841)
55,328
Furniture and Fittings
3,442
-
626
-
(587)
3,481
Statues, Sculptures and Artworks
46,773
-
69
-
(511)
46,331
Roads and Laneways - Substructure
394,623
13,324
5,784
(30)
(5,289)
408,412
Roads and Laneways - Seal
23,703
(5,529)
10,591
(8)
(4,041)
24,716
Land Under Roads
-
-
6,590
-
-
6,590
Footpaths
102,035
3,877
14,025
-
(11,032)
108,905
Kerb and Channel
94,000
11,162
4,410
-
(3,462)
106,110
Bridges
80,623
729
1,129
-
(1,184)
81,297
Drains
66,041
105
4,508
-
(678)
69,976
Irrigation
11,187
2,724
3,938
-
(930)
16,919
Parks and Gardens Infrastructure
51,466
1,239
8,631
(1,549)
(3,996)
55,791
Trees
31,691
198
1,295
-
-
33,184
Other Structures
2,800
-
168
-
(222)
2,746
Works in Progress
45,141
-
18,601
(37)
-
63,705
2,604,309
(6,552)
141,660
(28,498)
(51,665)
2,659,254
b) Council 30 June 2008
Carrying amount at 30 June 2007
Revaluations
Additions
Disposals
Depreciation
Carrying amount at 30 June 2008
$'000
$'000
$'000
$'000
$'000
$'000
Asset Classes
Land - Freehold
81,068
27,921
10,350
(900)
-
118,439
Land - Other Controlled
993,490
181,016
6,459
-
-
1,180,965
Buildings on Freehold Land
83,321
(9,164)
604
(1,870)
(2,570)
70,321
Buildings on Other Controlled Land
25,021
4,097
4,170
(127)
(1,335)
31,826
Buildings - Leasehold Improvements
2,236
-
-
(134)
2,102
Heritage Assets
58,065
13,360
3,956
-
(595)
74,786
Promenades and Wharves
-
11,012
75,842
-
(1,669)
85,185
Plant and Equipment
20,885
-
2,472
(897)
(4,222)
18,238
Furniture and Fittings
3,900
-
-
(491)
3,409
Statues, Sculptures and Artworks
41,599
-
5,684
-
(510)
46,773
Roads and Laneways - Substructure
359,408
39,359
551
-
(4,695)
394,623
Roads and Laneways - Seal
23,229
(29,100)
33,607
-
(4,033)
23,703
Footpaths
95,811
(198)
16,934
-
(10,512)
102,035
Kerb and Channel
89,297
3,354
4,533
-
(3,184)
94,000
Bridges
33,458
2,664
45,707
-
(1,206)
80,623
Drains
65,207
(9,012)
10,775
-
(929)
66,041
Irrigation
11,129
-
831
-
(773)
11,187
Parks and Gardens Infrastructure
51,937
(1,037)
4,379
-
(3,813)
51,466
Trees
30,093
(2,421)
4,019
-
-
31,691
Other Structures
2,889
-
99
-
(188)
2,800
Works in Progress*
31,919
-
13,109
-
-
45,025
2,103,962
231,851
244,081
(3,794)
(40,859)
2,535,238
*Works in progress addition figure is a net amount consisting of $75.1 million additional works in progress and $56.5 million of assets capitalised during the financial year 2008-09.
b) Council 30 June 2009
Carrying amount at 30 June 2008
Revaluations
Additions
Disposals
Depreciation
Carrying amount at 30 June 2009
$'000
$'000
$'000
$'000
$'000
$'000
Asset Classes
Land - Freehold
118,439
(10,045)
22,985
-
-
131,379
Land - Other Controlled
1,180,965
(6,630)
12,055
(21,550)
-
1,164,840
Buildings on Freehold Land
70,321
(4,920)
2,805
(2,423)
65,783
Buildings on Other Controlled Land
31,826
19
1,773
(586)
(1,582)
31,450
Buildings - Leasehold Improvements
2,102
-
-
-
(131)
1,971
Heritage Assets
74,786
3,592
3,534
-
(776)
81,136
Promenades and Wharves
85,185
(8,275)
-
-
(1,553)
75,357
Plant and Equipment
18,238
-
6,350
(773)
(4,460)
19,355
Furniture and Fittings
3,409
-
128
-
(481)
3,056
Statues, Sculptures and Artworks
46,773
-
69
-
(511)
46,331
Roads and Laneways - Substructure
394,623
13,324
5,784
(30)
(5,291)
408,410
Roads and Laneways - Seal
23,703
(5,529)
10,074
(8)
(3,521)
24,719
Land Under Roads
-
-
6,590
-
-
6,590
Footpaths
102,035
3,877
14,025
-
(11,030)
108,907
Kerb and Channel
94,000
11,162
4,410
-
(3,461)
106,111
Bridges
80,623
729
1,129
-
(1,185)
81,296
Drains
66,041
105
4,508
-
(678)
69,976
Irrigation
11,187
2,724
3,938
-
(931)
16,918
Parks and Gardens Infrastructure
51,466
1,239
8,631
(1,549)
(3,998)
55,789
Trees
31,691
198
1,295
-
-
33,184
Other Structures
2,800
-
168
-
(222)
2,746
Works in Progress*
45,025
-
18,611
-
-
63,636
2,535,238
1,570
128,862
(24,496)
(42,234)
2,598,941
*Works in progress addition figure is a net amount consisting of $75.1 million additional works in progress and $56.5 million of assets capitalised during the financial year 2008-09.
